Rating Coverage: Intertek Group PLC (LON:ITRK) Gains a Vote of Confidence From Numis. What to Expect?

November 23, 2016 - By Marguerite Chambers

Intertek Group PLC (LON:ITRK) Upgrade

Intertek Group PLC (LON:ITRK)‘s rating was upped by equity analysts at Numis to a Hold. They have a PT of GBX 3000.00 on ITRK. Numis’s PT means a potential downside of -6.40% from the stock’s close price.

Intertek Group plc (LON:ITRK) Ratings Coverage

Out of 21 analysts covering Intertek Group PLC (LON:ITRK), 5 rate it a “Buy”, 7 “Sell”, while 9 “Hold”. This means 24% are positive. GBX 4300 is the highest target while GBX 2120 is the lowest. The GBX 3336.30 average target is 4.16% above today’s (GBX 3203) stock price. Intertek Group PLC has been the topic of 124 analyst reports since July 27, 2015 according to StockzIntelligence Inc. The firm has “Hold” rating given on Tuesday, April 26 by Deutsche Bank. Berenberg maintained Intertek Group plc (LON:ITRK) rating on Friday, January 29. Berenberg has “Hold” rating and GBX 2580 price target. The stock of Intertek Group plc (LON:ITRK) earned “Hold” rating by Deutsche Bank on Tuesday, March 8. The stock has “Neutral” rating given by BNP Paribas on Monday, August 8. The stock of Intertek Group plc (LON:ITRK) earned “Underperform” rating by Jefferies on Monday, September 28. The stock of Intertek Group plc (LON:ITRK) has “Hold” rating given on Thursday, October 15 by Numis Securities. The firm has “Hold” rating given on Friday, July 29 by Deutsche Bank. BNP Paribas maintained the stock with “Neutral” rating in Monday, September 26 report. Deutsche Bank maintained Intertek Group plc (LON:ITRK) rating on Thursday, October 15. Deutsche Bank has “Hold” rating and GBX 2654 price target. The firm has “Neutral” rating by BNP Paribas given on Monday, September 12.

About 126,596 shares traded hands. Intertek Group plc (LON:ITRK) has declined 4.45% since April 25, 2016 and is downtrending. It has underperformed by 9.78% the S&P500.

Intertek Group plc is engaged in providing assurance, testing, inspection and certification services. The company has a market cap of 5.16 billion GBP.

ITRK Company Profile

Interlink Plus, Inc., incorporated on May 11, 2015, is engaged in providing services for overseas travel agents on hotel price quotation and negotiation, contract reviewing, detailed guests’ arrangements, hotel check-in assistance and tradeshow assistance. The Firm operates through two divisions, which include travel agency assistance services and convention services. The Firm also engages with a travel agency to assist it with hotel booking and customer service assistance. The Firm acts as a hotel booking service for groups of its clients that have sign up on their Website. The Firm is also engaged in catering to the individual exhibitors at the exhibitions.

Another recent and important Intertek Group plc (LON:ITRK) news was published by Fool.Co.Uk which published an article titled: “Is It Time To Buy GlaxoSmithKline plc, Intertek Group plc & Weir Group plc?” on April 24, 2016.

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